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15/02/21
13:55
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Originally posted by slange:
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Absolutely. I was a buyer of silver bullion early today. But when the SLV ETF "managers" are forced to announce that they have a problem in sourcing supply for demand then that will play into the sharks hands as the Comex will be targeted for silver bullion more than it ordinarily would have been. Gold too. ETF demand is a significant piece of the puzzle especially when one considers that JP Morgan has a huge physical stockpile of silver but as it is the "Custodian" of the silver ETF most of that silver (or maybe all of it now) belongs to the ETF This is why they are so desperate to force holders out. And at the moment it doesn't look like they will succeed. So we shall see.
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JP Morgan are the custodians of SLV so why would you buy into that ETF?